Rookie Reply: The Best Property Types and Amenities for Short-Term Rentals
1Description
Analyzing Airbnbs is tough, especially for a new investor. Which properties make the best vacation rentals? Which amenities should you prioritize? Do you need an exit strategy if things go south? Stay tuned as we show you how to get the best possible return on your short-term rentals!
Welcome back to another Rookie Reply! Leveraging home equity is one of the easiest ways to build and scale a real estate portfolio, and in this episode, we’ll share some creative strategies you can use to tap into this money—without selling your property. Next, we’ll dive into one of the biggest hurdles standing between a rookie and their first rental property—money. If you need outside-of-the-box solutions to help finance your first deal, we’ll show you how to use other people’s money through partnerships, borrow against your 401(k) or brokerage account, or work your business into the deal!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
The BEST property type and amenities for a short-term rental
How to get the highest return on investment from your Airbnb
How to pull equity out of a paid-off rental property (without selling it)
How to fund your next real estate deal using other people’s money (OPM)
Using your 401(k), brokerage account, or business to help finance properties
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Ask Your Question on the BiggerPockets Forums
Buy the Book “Real Estate Partnerships”
Find Investor-Friendly Lenders
See Ashley and Tony at BPCON2024 in Cancun!
(00:00 ) Intro
(00:54 ) How to Analyze Airbnbs
(08:42 ) Using Home Equity 101
(16:36 ) Funding Your First Deal
(26:49 ) Post Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-457
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